China says no current plans to build regular solar power stations in 2018

China will give 10 gigawatts solar capacity allowance to distributed solar power projects in 2018, the National Development and Reform Commission said in a statement on its website.REUTERS | June 01, 2018, 18:20 IST

* China will give 10 gigawatts solar capacity allowance to distributed solar power projects in 2018, the National Development and Reform Commission said in a statement on its website.

* Beijing will further cut feed-in-tariff subsidy on new distribution solar power projects that have gone into operation, by 0.05 yuan ($0.0078) to 0.32 yuan per kilowatt hour (kWh), from May 31, according to the statement.

* China has already this such subsidy by 0.05 yuan from the start of this year. ($1 = 6.4133 Chinese yuan renminbi)

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The ongoing field development and EOR/IOR projects are expected to produce a cumulative of 54.6 million tonne (mt) of crude oil and 114 billion cubic meter (bcm) of natural gas in the next three to four years, the report said.